The B.C. Back to School Amount is a non-refundable tax credit that was introduced in 2016. The credit is aimed at parents of school age children to help with the cost of purchasing school supplies. The credit amount is $250 for each child, providing a tax benefit of up to $12.65 for each child.
To be eligible to claim the tax credit if you:
- are a resident of B.C. on December 31 of the tax year,
- are a parent of a child who is aged 4 to 16 at the beginning of the tax year, and
- or your spouse or common-law partner are the parent or legal guardian to the child.
You cannot split this amount with another person. Once you claim this amount for a child, no one else can claim it.
If you are making this claim for more than one child, either you or your spouse or common-law partner may claim the amount for all the eligible children or you can each claim separate children but each child can only be claimed once.
If more than one person is eligible to claim this amount for the child, you must agree who will be the one making the claim. If you cannot agree who will claim this amount for the child, neither of you can make the claim.
If you would like more information about the B.C. Back to School Amount, or other credits and deductions that can help you and your family, contact GB Pilley & Associates Ltd., Chartered Professional Accountants at 604 926 3522.